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Best Sportsbooks US / Betting Guide / DraftKings vs BetMGM Compared

DraftKings vs BetMGM Compared: Which Sportsbook Is Better?

Publish Date: 31/03/2022

draftkings vs betmgm

Who would win in a fight between DraftKings vs BetMGM? It’s a simple question but it’s got a fascinating answer. Take a look below to see if you should sign up to DraftKings or BetMGM!

Both of these sportsbooks have made a massive splash in the US sports betting scene. While they have very different backgrounds in fantasy sports and casino gaming, they both have the noble aim of trying to give you evermore competitive odds, spreads, and bonuses. Keep reading to see which is better DraftKings or BetMGM!

BetMGM

betmgm sportsbook

BetMGM has been a well-known name and a fan favorite since it was established. It is the go-to site for many US sports bettors. The platform offers generous bonuses and promotions, many great sports betting features, top-notch customer support, and a range of payment methods to suit all players’ needs.

BetMGM is available for sports betting in many states across the US and is one of the best high limit sportsbooks available. Whether you want to bet on the NFL, NBA, NHL, MLB, UFC, Formula 1, or any other sports and events you can think of, BetMGM is the place to be.

DraftKings

DraftKings is one of the best sportsbooks in the betting world, particularly in the US. DraftKings, which first started out as a fantasy sports operator, has grown in leaps and bounds and now offers some of the best sports betting options out there.

There are many different betting markets and bet types available with great competitive odds. DraftKings also rewards all members very generously with daily, weekly, and monthly promotions. DraftKings is a leading contender for the best sports betting site in the US.

How We Are Going To Compare BetMGM vs DraftKings

Comparing two betting platforms takes a lot of time and effort. There are many different aspects we consider and compare. Here are the most important factors we will compare – the welcome bonuses, payment methods supported, betting apps, the sign-up process, promos for existing customers, the available sports and bet types, live betting, VIP and loyalty programs, customer support, and availability in particular states.

Rating DraftKings vs BetMGM for their welcome bonuses

We found that DraftKings and BetMGM both have massive welcome bonuses, but each of these deals works in different ways. Our favorite was probably the BetMGM sign up offer, but both deals looked like decent value for money. So let’s have a closer look at what you can get for signing up to these online sportsbooks for the first time.

BetMGM has put on a typically huge first-bet offer for new customers. This will refund your first sports bet, if it loses, by 100% up to $1,000. It’s not the most original welcome bonus that we’ve ever seen, but we loved how simple it was.

After all, you can get this deal simply by signing up to BetMGM for the first time and then you just have to put down a $10 deposit. If your first bet loses and you get your refund, you can use it however you want across the whole sportsbook. Just remember that you can’t withdraw your site credit and it has to be used within seven days.

The DraftKings welcome bonus is a little more complicated, but it’s no less enjoyable. It’s a deal that will match your first deposit of $5 or more by 20% up to $1,000. You’ll have to unlock the site credit in $1 increments for every $25 that you wager on odds of -300 or longer. Thankfully you get a full 90 days to complete this task.

All of which should help you get a little extra to play with during your first few months at DraftKings. Just remember to see what happened when we compared DraftKings vs Barstool for bonuses.

Welcome Bonus
DraftKings First deposit match of $5 or more by 20% up to $1,000
BetMGM If you lose your first bet you get a refund by 100% up to $1,500

If we simply compare the two, they are very different to one another. However, as a new member, it is great to get a deposit match on your first deposit. For this reason, the BetMGM welcome bonus is the better option.

Does DraftKings or BetMGM have your preferred payment method?

We found that both of these online sportsbooks give you safe and stress-free ways to make deposits and withdrawals. Adding your money at DraftKings is fast and easy. It features ACH bank transfers, although you can also make deposits with credit and debit cards like Visa, Discover and MasterCard. Further deposit options include the likes of PayPal, Play+ and so on.

If anything, BetMGM includes a few more deposit options than DraftKings as you can add money to your account with all of the above as well as American Express and Skrill. Both sportsbooks let you make deposits in person at their partnered casino cages.

The good news is that both of these sportsbooks are equally fast at paying out. We tried making a PayPal withdrawal at each betting site and found that both DraftKings and BetMGM paid up within 48 hours. Plus we should note the fact that all of our deposits and withdrawals were free at each betting site.

BetMGM DraftKings
Bank Wire Transfer Min/Max Limits Max withdrawal - $50,000 Max withdrawal - unlimited
Fees No None
Withdrawal Times Up to 2 business days Up to 5 business days
Checks Min/Max Limits Max withdrawal - $50,000 Max withdrawal - $49,999
Fees No No
Withdrawal Times 7 – 20 days Up to 5 business days
Debit Cards Min/Max Limits Max withdrawal - $25,000
Fees No No
Withdrawal Times 3 – 5 business days Up to 5 business days
Online Banking Min/Max Limits Max withdrawal $25,000 Max withdrawal - $100,000
Fees No No
Withdrawal Times 1 – 3 business days Up to 5 business days
PayPal Min/Max Limits Max withdrawal - $50,000 Max withdrawal - $60,000
Fees No No
Withdrawal Times Up to 24 hours Up to 5 business days
Play+ Min/Max Limits Max Withdrawal - $25,000 Max withdrawal - $25,000
Fees No No
Withdrawal Times Up to 6 hours Up to 5 business days
Venmo Min/Max Limits NA Max withdrawal - $20,000
Fees NA No
Withdrawal Times NA Up to 5 business days

After looking at the comparison table above, it is clear that both BetMGM and DraftKings support a wide variety of payment options. After doing a quick comparison, it seems that the options at DraftKings are better, with higher withdrawal limits on most options.

 vs DraftKings App

When looking at the BetMGM and DraftKings mobile apps for Apple and Google, it is difficult to compare. Each one is unique and has its own exciting features. Both platforms are also mobile optimized to be accessed from the mobile web browser without downloading an app.

Both options are great, and it is your own personal preference which you would rather use.

BetMGM has a 4.5 star rating on the App store and Play store, whereas DraftKings has a 4.7 star rating on the App store, and a 4.6 star rating on the Play store. But even though the ratings may be slightly slower, we think BetMGM offers a better app experience.

DraftKings vs BetMGM Where is it Easier to Sign Up?

Both sportsbooks offer a simple and very similar sign-up process. You need to fill out a registration form and provide your personal details.

The details that both platforms require are your name and surname, email address and password, mobile number, and residential address. You will need to read and accept the terms and conditions and privacy policies of both sites.

Both platforms require KYC verification as an added security policy. You will need to provide proof of your ID document before you can proceed or make any withdrawals from either site.

In general, the DraftKings process went smoothly when we signed up, which is why we say it is the easier site to sign up with.

Promos for existing customers

These sportsbooks have big welcome bonuses, but they take different approaches when it comes to rewarding existing customers. DraftKings doesn’t have too much in the way of regular promotions, but it’s got a great-looking VIP program as well as a handy little refer a friend deal.

This is contrasted by BetMGM which showers its existing customers with deals that could boost your parlay profits, insure your parlay bets, or give you more to play with at the casino and poker platforms. Plus we should note that there’s a great BetMGM Rewards program that you could use to get real-life benefits at one of the many MGM Resorts outlets. All of which suggests that BetMGM just edges it in terms of promos.

Each of the sportsbooks has its own unique approach when it comes to promotions for existing customers. DraftKings is weaker when it comes to ongoing promotions. Here are the options you will find:

Odds Boost

This is a percentage increase in the odds for them to be more favorable. These odds boosts can help increase your bankroll significantly.

Refer a Friend

DraftKings offers a generous refer a friend bonus. Claim your referral link and send it to your friends. The refer a friend offer of up to $500 is enticing, but note that you are not able to withdraw these credits.

BetMGM has a few more offers up for grabs, and we feel it is definitely the better platform when it comes to ongoing promotions for existing customers. Here is what BetMGM has to offer existing members.

Refer a Friend

Refer your friend to BetMGM and you will both receive a $100 referral bonus.

Daily Fast Break Prizes

Fast Break is a new free-to-play game that offers prizes daily.

Grand Slam Jackpot

Win up to $50,000 every Friday, Saturday and Sunday in the MLB regular season.

Odds Boost

You can get odds boosts on the NHL, MLB and NBA.

MGM Rewards

You can earn points and rewards for hotel stays and other benefits at MGM resorts and hotels.

Sports and Betting Types

BetMGM and DraftKings both offer all the major sports leagues and events. Things are pretty equal between the two sportsbooks when it comes to betting types, sports and markets. It is difficult to pinpoint which one is better than the other.

We picked a massive game between the Bruins and the Kings in the NHL and found that both sportsbooks gave you endless betting lines on everything from the points spread to the alternate puck line and much more.

Obviously, the betting odds and spreads are hugely important, and DraftKings and BetMGM seemed to be equally competitive with the odds and spreads for this hockey game.

DraftKings offers many daily promotions that will help you get enhanced odds and spreads for certain markets. At BetMGM, there are odds boosts for many sports such as the NHL, MLB, NBA and others. As mentioned, it is difficult to say which site offers the better betting options. It does come down to personal preference, although our preference is BetMGM.

DraftKings vs BetMGM – NFL

DraftKings and BetMGM both offer NFL betting. BetMGM offers opening odds, spreads, over/unders, lines and predictions for all NFL games. You will also be able to read up on injury reports, player stats and team trends. This will help you when making your ultimate decisions.

DraftKings is much the same. The sportsbook offers competitive odds on all betting markets, whether you are wanting to place spreads, props, or over/under bets, you can do it all. Neither of the two sites has specific promos for NFL betting.

DraftKings vs BetMGM – NBA

Join BetMGM and receive odds boosts for your NBA betting. There are all the betting types and markets available, including moneylines, spreads, totals over/under, props, parlays and more.

DraftKings and BetMGM are very similar, you will find the same NMA markets available, odds are very competitive, and it comes down to preference as to where you want to do your NBA betting. Both platforms are top-notch. We would choose BetMGM to receive the odds boosts.

Which Sportsbook is Better for Live Betting, DraftKings or BetMGM?

When it comes to live betting and live streaming, BetMGM excels. This platform is where you want to be for your live betting experience. The odds at BetMGM for live betting are some of the best in the industry.

There is many in-game player-props that you can bet on that many sportsbooks do not offer. The streaming is top-quality, and you can’t go wrong with the BetMGM live betting experience.

The live betting experience at DraftKings is also one of the best in the industry. There are major sports and markets, as well as the less common ones, to enjoy. Under the live betting menu, you have the option to live stream the games. Streaming is of perfect quality and adds an exciting element to your DraftKings live betting experience.

Both of these platforms offer top-notch live betting, but BetMGM slightly tips DraftKings to be the better option.

VIP and Loyalty Programs Compared

Although both platforms offer very generous and exciting loyalty programs, this is where we think DraftKings is the best of the best. Dynasty Rewards is DraftKings’ rewards program, and it is safe to say that it is one of the best in the industry. The more you play at the DraftKings sportsbook or online casino, the more points you will accumulate and the more you will be rewarded.

The BetMGM Rewards program is coupled with MGM rewards. By playing at the sportsbook or online casino you can receive rewards which can be used at the MGM resorts, such as hotel stays and free dining experiences, on top of your normal online rewards such as boosted odds, cashbacks, increased limits and more.

Who Has Better Customer Support

Both platforms offer excellent customer support. There is a smooth user experience, and everything you need is at your fingertips. Both sites offer a live chat feature, email and FAQs to read up on. Response times vary depending on the time of day. Have a look at the table below as we compare the different options at each site.

Customer Support BetMGM DraftKings
Live Chat 24/7 – response time = 15 seconds 24/7 – response time = 30 seconds
Email Response time = 24-48 hours Response time = 24 – 48 hours
Telephone (state depending) Only between 11AM and 8PM EST Request a call back

Ranking DraftKings vs BetMGM for customer support

Customer support is an incredibly important part of how online sportsbooks operate and we were glad to see that neither BetMGM nor DraftKings let us down here. This is because both sportsbooks appeared to offer quality customer support that was available around the clock.

We found that it was marginally easier to get in touch with the customer support team at DraftKings, as BetMGM makes you click through a couple more links in its help center before you can reach anyone.

But beyond this, we found that each sportsbook made excellent use of its live chat and email support options. Some people might be disappointed to find that there is nothing in the way of telephone support at either site, but we were more than happy using live chat.

Like most sportsbooks, BetMGM and DraftKings have got help centers on their sites that offer you a wealth of information about how to use the sportsbooks. If anything, the BetMGM help center was a little more user-friendly, but again, there wasn’t too much between these two excellent betting brands.

The latest offers from BetMGM

Is DraftKings or BetMGM in your US state yet?

You may think it’s all about DraftKings vs FanDuel, but we think that BetMGM is worth a look. Before we start analyzing the merits of DraftKings and BetMGM, it’s important to remember that you should check to see whether each of these online sportsbooks is legal in your US state yet.

After all, while both of these operators are now available in more states than ever before, they still have some ground to cover before they can be accessed by everyone in the US.

DraftKings has made an impressive start in its bid to crack the US betting market. You can now bet on sports in a wide range of states like Arizona, Colorado, Connecticut, Illinois, Indiana, Louisiana, Michigan, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming.

There is a similarly impressive coverage from BetMGM which now caters to customers in Arizona, Colorado, Illinois, Indiana, Iowa, Louisiana, Michigan, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming.

While DraftKings might have the edge in catering to small states like New Hampshire, we can see that both sportsbooks should be able to cover most US states where online sports betting is legal. Plus we should note that BetMGM and DraftKings have made sure that their betting platforms are covered with the latest SSL-technology to make sure that your data and deposits stay safe.

State BetMGM DraftKings
Arizona
Colorado
Connecticut
Illinois
Indiana
Iowa
Louisiana
Michigan
Nevada
New Hampshire
New Jersey
New York
Oregon
Pennsylvania
Tennessee
Virginia
West Virginia
Wyoming

Other important features in the battle of DraftKings vs BetMGM

You might be able to enjoy more than just sports betting at DraftKings and BetMGM depending on where you’re based. This is great news as both of these online sportsbooks also have well-stocked casino sections. As such, you could come to either BetMGM or DraftKings and know that you could look forward to playing anything from a simple slot game to an immersive live dealer game of blackjack and roulette.

Beyond this, the two operators tend to diverge. This is because DraftKings has a world-beating fantasy sports product as well as a pretty innovative NFT marketplace. However, if you look over at BetMGM, it doesn’t have these services, but it makes up for it with a simply awesome online poker platform.

Conclusion - One more time, which is better DraftKings or BetMGM?

So if it came down to a simple choice between DraftKings and BetMGM, we’d have to admit that we’d have a tough time picking one above the other. After all, they both give you a great example of what you should be looking for in an online sportsbook and there were barely any faults on offer. All of which means that you might want to see what happened when we compared DraftKings vs Caesars.

If we had to try and put one betting site above the other, we’d say that DraftKings is a better option if you have any interest in fantasy sports. Conversely, if you want to play slots and table games while you wait for that big game, then BetMGM is probably going to be the better option.

But if you’re simply looking for competitive sports odds, generous bonuses and a safe betting environment, then there isn’t too much to separate BetMGM and DraftKings. Plus we have to remind you that there’s nothing wrong with signing up to both sportsbooks to make sure that you’re always playing with the best odds, spreads, and bonuses!

Okay, so as you can see, these two platforms are very similar and both rank among the best of the best. Each one offers its own unique experience. It depends on where your preferences lie and which of these platforms is better for you.

If you are after a loyalty or VIP experience, DraftKings is the place to be, but for a welcome bonus to help get you started, you will want to join BetMGM.

When it comes to sports, markets, and odds, it is difficult to separate the two. Both offer competitive odds and the same sports and betting options.

For availability in each state, it looks like BetMGM just beats DraftKings, although it is very close, and this is constantly changing. Overall, BetMGM beats DraftKings slightly, but we would recommend either of these platforms for the ultimate sports betting experience you are looking for.

Which is better DraftKings or BetMGM? FAQ

🎁 What is the latest BetMGM promo?

As a new member of BetMGM, if you lose your first bet, you will get a refund by 100% up to $1,500 in bonus bets. Read the DraftKings sportsbook review to see the latest offer from that sportsbook. After all, promo bonuses remain a hugely important tool that sportsbooks use to encourage customers to sign up at their betting sites. 

💪 Who is best out of BetMGM vs DraftKings vs FanDuel?

After reading this guide you will see that we compared BetMGM vs DraftKings and BetMGM came out on top. Although DraftKings is right behind them. Read up on the FanDuel vs BetMGM comparison here. This should help you see which online sportsbook could work best for your sports betting needs.

DraftKings is legal in Arizona. Read the section on state availability in this guide to see where the two platforms are legal in the US. Plus, you can even compare the coverage of FanDuel vs Caesars in Arizona. 

❓ Is there a BetMGM WV promo code bonus?

Currently we were not able to find a BetMGM WV promo code bonus. If anything changes, we will update our information and be sure to let you know.

💰 How do I get a DraftKings $5K first-bet offer?

Currently the DraftKings first bet offer is that when you deposit $5 you will get up to $200 in bonus bets.

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